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Impacts of CSR on the efficiency of Chinese enterprises' Outward FDI

Xin Xie and Wenjie Zhang

Finance Research Letters, 2023, vol. 57, issue C

Abstract: OFDI is an important way for enterprises to participate in international competition. However, the existing studies have paid less attention to the efficiency of OFDI, especially the mechanism of CSR on the efficiency of OFDI. Therefore, based on the perspective of signaling theory, this paper empirically examines the impact of CSR on the efficiency of corporate OFDI and the mediating role of media attention, using A-share listed companies from 2011 to 2022 as the sample. The findings provide new perspectives for enterprises to improve OFDI efficiency, and also provide practical guidance for governments to pay sufficient attention to CSR.

Keywords: CSR; OFDI; Signaling theory perspective; Media attention (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:57:y:2023:i:c:s1544612323006244

DOI: 10.1016/j.frl.2023.104252

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